香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 朗華國際集團有限公司 主席兼執行董事 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 董事會會議通告 朗華國際集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二四年十一月十二日（星期二）舉行董事會會議，藉以（其中包括）審議及 批准本公司及其附屬公司截至二零二四年九月三十日止六個月之未經審核中 期業績及其發佈，並考慮宣派中期股息（如有）及處理任何其他事項。 承董事會命 張春華 香港，二零二四年十月三十一日 於本公告日期，董事會包括以下董事： 張春華先生（執行董事（主席）） 張春萍女士（執行董事兼首席執行官） 陳美恩女士（獨立非執行董事） 黃敬舒女士（獨立非執行董事） 彭銀先生（獨立非執行董事） 本公告乃遵照GEM上市規則之規定而提供有關本公司之資料，各董事願就此共同及個別承擔 全部責任。 ...

Management Changes - The company appointed Ms. Zhang Chunping as Chief Executive Officer on July 1, 2023, following the resignation of Ms. Chung, Elizabeth Ching Yee on the same date[5]. - The company has undergone significant management changes, including the appointment of new committee members on October 1, 2023[6]. - Ms. Zhang Chunping was appointed as a director on 1 October 2023, while Ms. Chung, Elizabeth Ching Yee resigned on the same date[21]. - The company has appointed new independent non-executive Directors effective from 1 October 2023[106]. Financial Performance - The company reported a consolidated statement of profit or loss and other comprehensive income, indicating financial performance metrics[4]. - As of 31 March 2024, the company had 1,457,238,414 shares issued[33]. - Brilliant Chapter Limited holds 834,851,294 shares, with 20% of its issued share capital held by Source Mega Limited[33]. - The remuneration for annual audit and non-audit services provided by the auditors amounted to HK$1,006,000 and HK$814,000 respectively[186][188]. - The Audit Committee reviewed the Group's unaudited quarterly and interim results and audited annual results for the year ended 31 March 2024, confirming compliance with applicable accounting standards[181]. Corporate Governance - The company emphasizes the importance of compliance with GEM Listing Rules to ensure accurate and complete reporting[2]. - The Group is committed to achieving high standards of business ethics and corporate governance across all activities and operations[70]. - The Board is responsible for the overall management of the Group, formulating the Group's strategic direction and corporate governance[73]. - The current composition of the Board includes more than one third being Independent Non-Executive Directors (INEDs), exceeding independence requirements under the Listing Rules[78]. - The Chairman and Chief Executive Officer roles are separated and exercised by different individuals, complying with corporate governance standards[83]. Risk Management - The Company considers its risk management and internal control systems effective and adequate after an annual review[98]. - The Board is responsible for maintaining effective risk management and internal control systems to safeguard assets and ensure compliance with relevant regulations[187][190]. - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[187]. - The Group has engaged an external independent internal control consultant to review the adequacy and effectiveness of its risk management and internal control systems during the year[190][191]. Board Committees - The Board has established four committees: Remuneration Committee, Nomination Committee, Audit Committee, and Independent Board Committee to oversee specific aspects of the Company's affairs[144]. - The primary duties of the Audit Committee include reviewing the Group's financial reporting system and internal control procedures[160]. - The Nomination Committee held two meetings during the year to review the structure, size, and composition of the Board of Directors[179]. - The Remuneration Committee comprises three independent non-executive Directors, responsible for recommending remuneration policies and reviewing specific packages for executive Directors and senior management[147]. Compliance and Training - The company emphasizes the importance of continuous professional development for directors, ensuring they stay updated on business and industry developments[122]. - The Company has mechanisms in place for INEDs to express opinions openly and confidentially when necessary[81]. - The Company is committed to arranging and funding suitable training for all directors to ensure they are fully aware of their roles and responsibilities under the Listing Rules and applicable legal requirements[123]. - The Company Secretary has taken no less than 15 hours of relevant professional training during the year under review[105]. Shareholder Relations - The independent financial advisor has been appointed to provide opinions to the independent board committee and independent shareholders regarding the proposed transactions[115]. - The independent auditor's report is included in the annual report, affirming the responsibility for the financial statements[116]. - The Company has a Whistleblowing Policy to guide reporting of fraud and misconduct, ensuring confidentiality of whistleblowers[193][194]. - No incidents of fraud or misconduct affecting the Group's financial statements were reported during the relevant period[196].

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 91,254,000, a decrease of about HKD 17,070,000 compared to the previous year[1]. - The group's gross profit for the fiscal year ending March 31, 2024, was approximately HKD 18,846,000, down by HKD 864,000 from the previous year[1]. - The group recorded a loss of approximately HKD 76,095,000 for the fiscal year ending March 31, 2024, compared to a loss of HKD 43,386,000 for the fiscal year ending March 31, 2023, primarily due to increased impairment losses and losses from discontinued operations[1]. - The total comprehensive loss for the year was HKD 77,665,000, compared to HKD 44,883,000 in the previous year[10]. - The basic and diluted loss per share from continuing and discontinued operations was HKD 4.73, compared to HKD 2.25 in the previous year[13]. - The company reported a pre-tax loss of HKD 10,651 million for the year ended March 31, 2023[51]. - The pre-tax loss for the year ending March 31, 2024, is projected to be HKD 51,537 million[60]. - The group reported a loss before tax of HKD 51,378,000, compared to a profit of HKD 10,651,000 in the previous year, reflecting a negative swing of approximately 584.5%[71]. - The group reported a net loss attributable to the owners of the company of HKD 68,926,000 for the year, which is a 109.83% increase compared to the previous year's loss of HKD 32,792,000[195]. Dividends and Recommendations - The board of directors does not recommend the payment of any dividends for the fiscal year ending March 31, 2024[1]. - The company does not recommend a dividend distribution for the year ended March 31, 2024[124]. Impairment and Losses - The impairment losses recognized under the expected credit loss model increased significantly to HKD 23,803,000 from HKD 4,056,000 in the previous year[10]. - The company reported a total of HKD 23,803 million in impairment losses recognized, net of reversals, for the year ending March 31, 2024[66]. - The impairment loss recognized under the expected credit loss model for the year ended March 31, 2024, was approximately HKD 23,803,000, significantly higher than HKD 4,056,000 for the previous year[140]. Assets and Liabilities - Non-current assets totalled HKD 242,495 thousand, a significant increase from HKD 16,100 thousand in the previous year[22]. - Current assets decreased to HKD 122,697 thousand from HKD 179,596 thousand, reflecting a decline of approximately 31.6%[22]. - Current liabilities totalled HKD 41,100 thousand, down from HKD 71,320 thousand, indicating a reduction of about 42.4%[22]. - The net asset value decreased to HKD 81,597 thousand from HKD 108,276 thousand, representing a decline of approximately 24.8%[23]. - The total liabilities as of March 31, 2024, are projected to be HKD 41,100 million, a significant decrease from HKD 129,534 million in the previous year[63]. - The company's total liabilities decreased significantly, reflecting improved financial health and operational efficiency[22]. Equity and Share Capital - The total equity increased to HKD 324,092 thousand from HKD 66,162 thousand, showing a substantial growth of approximately 388.5%[23]. - The total equity increased by approximately HKD 257,930,000 to about HKD 324,092,000 as of March 31, 2024, compared to HKD 66,162,000 as of March 31, 2023[147]. - The total equity of the group as of March 31, 2024, is approximately HKD 324,092,000, a decrease of about 390% compared to HKD 66,162,000 as of March 31, 2023[158]. Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 15,248 thousand from HKD 46,886 thousand, a decline of about 67.5%[22]. - The group's cash and cash equivalents totaled approximately HKD 15,248,000 as of March 31, 2024, down from HKD 46,886,000 as of March 31, 2023[158]. - The company reported a net cash inflow of HKD 44,137,000 for the year, compared to a net cash outflow of HKD 23,982,000 in the previous year[109]. Operational Changes and Acquisitions - The company completed the acquisition of Shenzhen Langhua Property Services Co., Ltd. on October 5, 2023, enhancing its property management services[31]. - The company completed the sale of 3,794 ordinary shares of Zhilang Holdings, resulting in the loss of control over its fintech business[15]. - The company completed the sale of an 18.9% stake in Zhilang Holdings Limited on October 5, 2023, with a fair value of approximately HKD 240,994,000 as of March 31, 2024[124]. Business Segments and Revenue Sources - The company is involved in gold and jewelry, lending, and property management services, with some operations being discontinued[50]. - The revenue from the gold and jewelry business decreased from approximately HKD 88,928,000 to about HKD 71,810,000, a reduction of approximately HKD 17,118,000, primarily due to a decline in wholesale of gold jewelry products in China[95]. - The property management services revenue increased from approximately HKD 16,226,000 to about HKD 16,983,000, an increase of approximately HKD 757,000, driven by growth in property management service income[115]. Financial Ratios - The current ratio as of March 31, 2024, is 2.99, an increase from 2.52 as of March 31, 2023[158]. - The quick ratio as of March 31, 2024, is 2.92, up from 2.28 as of March 31, 2023[158]. - The asset-to-liability ratio as of March 31, 2024, is 4.70%, a significant decrease from 31.69% as of March 31, 2023[158]. Administrative and Employee Expenses - The group’s administrative expenses increased to HKD 43,301,000 from HKD 16,967,000, marking an increase of approximately 155.5%[71]. - The group’s employee benefits expenses, including director remuneration, totaled HKD 29,121,000, up from HKD 8,456,000, indicating a rise of approximately 244.5%[84]. Risk Management and Compliance - The company has established a robust risk management and internal control system to protect assets and ensure compliance with laws and regulations[169]. - The Audit Committee has reviewed the audited financial statements for the year ending March 31, 2024, confirming compliance with applicable accounting standards and GEM listing rules[172].

Financial Performance - Revenue for the six months ended 30 September 2023 was HK$34,138,000, a decrease from HK$42,845,000 in the same period of 2022, representing a decline of approximately 20.3%[3] - Gross profit for the period was HK$1,410,000, down from HK$1,867,000 in 2022, indicating a decrease of about 24.4%[3] - Loss before tax for the six months was HK$5,734,000, compared to a loss of HK$6,040,000 in the prior year, showing an improvement of approximately 5.1%[3] - Total loss for the period was HK$26,949,000, slightly better than the loss of HK$28,822,000 reported in the same period last year, reflecting a reduction of about 6.5%[3] - The company reported a loss attributable to owners of the company of HK$19,877,000 for the period, compared to HK$22,500,000 in 2022, marking a decrease of approximately 11.7%[5] - The loss per share for the period was HK(1.36) cents, an improvement from HK(1.54) cents in the same period of the previous year[5] - The total comprehensive loss for the period was HK$27,427,000, with a significant loss attributed to the Lending Business[80] - The Group's loss before tax for the period was HK$5,734,000, reflecting challenges in operational performance[101] - The Group recorded a loss of approximately HK$26,949,000 for the six months ended 30 September 2023, compared to a loss of approximately HK$28,822,000 for the same period in 2022, primarily due to operational losses in the fintech business[189] Discontinued Operations - Discontinued operations resulted in a loss of HK$21,215,000, compared to HK$22,782,000 in the prior year, indicating a decrease of about 6.9%[3] - Revenue from discontinued operations was HK$3,005,000, with a gross profit of HK$3,004,000, compared to HK$1,039,000 in revenue and HK$701,000 in gross profit for the previous year[124] - The fintech business was disposed of on October 5, 2023, with assets and liabilities reclassified as "Assets classified as held for sale" and "Liabilities associated with assets classified as held for sale"[69] - The Group partially disposed of its fintech business on October 5, 2023, resulting in a loss of control over 18.6% of Brillink Holdings Limited[95] - The Group completed the disposal of an 18.6% shareholding in Brillink Holdings Limited for HK$184.9 million on 5 October 2023[184] Assets and Liabilities - Total non-current assets as of 30 September 2023 were HK$605,000, compared to HK$14,415,000 as of 31 March 2023[16] - Current assets totaled HK$199,020,000 as of 30 September 2023, an increase from HK$154,349,000 as of 31 March 2023[16] - Total current liabilities amounted to HK$119,844,000 as of 30 September 2023, compared to HK$61,491,000 as of 31 March 2023[19] - Net assets as of 30 September 2023 were HK$21,632,000, down from HK$49,059,000 as of 31 March 2023[19] - The Group's total assets as of September 30, 2023, were reported at HK$741,120,000, reflecting a decrease from previous periods[80] - The Group's total liabilities rose to HK$177,993,000 as of September 30, 2023, compared to HK$119,705,000 as of March 31, 2023[114] - The Group's cash and cash equivalents related to the fintech business amount to approximately HK$83,311,000, included in the assets classified as held for sale[156] Cash Flow - Net cash used in operating activities for the six months was HK$22,362,000, compared to HK$2,809,000 in the previous year[83] - Cash and cash equivalents at the end of the reporting period were HK$8,541,000, a decrease from HK$76,916,000 at the beginning of the period[83] - The net cash generated from financing activities was HK$18,874,000, indicating a positive cash flow from financing despite operational losses[83] - Total cash and cash equivalents decreased to approximately HK$8,541,000 as at 30 September 2023, down from HK$45,089,000 as at 31 March 2023, mainly due to net cash used in discontinuing operations[190] Expenses - The company incurred finance costs of HK$220,000, significantly higher than HK$49,000 in the previous year, indicating an increase of approximately 348.9%[3] - Administrative expenses for the period were HK$5,968,000, up from HK$4,900,000 in 2022, reflecting an increase of about 21.8%[3] - Employee benefits expenses for the period were HK$1,945,000, a decrease from HK$2,141,000 in the previous year[120] - Selling expenses decreased by approximately HK$65,000 from approximately HK$79,000 for the six months ended 30 September 2022 to approximately HK$14,000 for the six months ended 30 September 2023, primarily due to reduced marketing costs in the Jewellery Business[189] - Administrative expenses increased by approximately HK$1,068,000, from approximately HK$4,900,000 for the six months ended 30 September 2022 to approximately HK$5,968,000 for the six months ended 30 September 2023, mainly due to higher legal and professional fees[189] Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2023[12] - The company's share capital remains unchanged at HK$145,724,000 as of both September 30, 2023, and March 31, 2023[178] - The share premium account is distributable to shareholders provided the company can pay off its debts as they fall due[67] Committees and Governance - The company established three committees: Remuneration Committee, Nomination Committee, and Audit Committee to oversee specific aspects of its affairs[46] - The company has a remuneration committee that advises on the compensation policies for all directors and senior management[47] Accounting Policies - The Group's unaudited consolidated results are prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and presented in Hong Kong dollars, with all values rounded to the nearest thousand[71] - The Group has not adopted or early adopted new amendments to HKFRSs that are relevant to the Group but not yet effective, and is currently assessing their impact[72] - The adoption of new amendments to HKFRSs had no significant effect on the financial results of the current period[72] - The Group's accounting policies are consistent with those adopted in the preparation of the annual consolidated financial statements for the year ended March 31, 2023[71] Inventory and Receivables - The Group's finished goods inventory as of September 30, 2023, is HK$9,902,000, a decrease from HK$16,816,000 as of March 31, 2023[131] - The aging analysis of the Group's loan receivables indicates that the total outstanding principal amount before credit loss provisions was HK$15,926,000 as of September 30, 2023, down from HK$25,855,000 as of March 31, 2023[151] - The aging analysis of trade receivables indicates that the company has receivables due within three months amounting to HK$12,151,000[167] Strategic Focus - The Group's strategic focus remains on expanding its Gold and Jewellery and Lending businesses while managing the transition of its fintech operations[86]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 截至二零二三年九月三十日止六個月之中期業績公告 朗華國際集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「中 期」）之未經審核綜合業績。本公告載列本公司二零二三年中期報告全文，符合 香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）有關中期業績 初步公告附載資料之相關規定。 承董事會命 朗華國際集團有限公司 主席 張春華 香港，二零二三年十一月十日 ...

Financial Performance - The Group's revenue for the three months ended June 30, 2023, was approximately HK$19,061,000, with external sales from the Gold and Jewellery Business contributing HK$17,935,000[3] - The segment results showed a loss of HK$7,697,000, with the Fintech Business reporting a significant loss of HK$8,346,000[3] - The overall gross margin improved from approximately 7.2% for the three months ended June 30, 2022, to 14.6% for the same period in 2023[41] - The basic loss per share for the three months ended June 30, 2023, was approximately HK$0.0080, compared to HK$0.0052 for the same period in 2022[5] - The total loss before tax for the period was approximately HK$10,413,000[3] - The Group's revenue for the three months ended June 30, 2023, was approximately HK$20,991,000, representing an increase of approximately 10.1% compared to the same period last financial year[50] - The Group's gross profit for the three months ended June 30, 2023, was approximately HK$3,074,000, increasing by approximately HK$1,710,000 compared to the same period last financial year[146] - Loss attributable to owners of the Company for the three months ended June 30, 2023, amounted to approximately HK$11,662,000, compared to HK$7,603,000 for the same period in 2022[146] - The total comprehensive loss for the period was approximately HK$16,545,000, compared to HK$10,903,000 for the same period in 2022[148] - Loss before tax for the period was approximately HK$16,126,000, compared to HK$10,413,000 for the same period in 2022[148] Revenue Segments - Revenue from the Gold and Jewellery Business increased by approximately 2.0%, while the Fintech Business saw a significant increase of approximately 401.6% during the same period[50] - Revenue from the Gold and Jewellery Business increased by approximately HK$360,000 from approximately HK$17,935,000 for the three months ended 30 June 2022 to approximately HK$18,295,000 for the three months ended 30 June 2023, mainly due to increased wholesale of golden jewellery products in the PRC[62] - Revenue from the lending business decreased by approximately HK$354,000 from approximately HK$647,000 for the three months ended 30 June 2022 to approximately HK$293,000 for the three months ended 30 June 2023, primarily due to a decrease in loan interest income[62] Expenses and Costs - Administrative expenses increased by approximately HK$7,243,000, reaching HK$18,664,000, primarily due to higher system development and IT expenses in the Fintech Business[42] - Selling expenses decreased significantly to approximately HK$1,000 from HK$36,000 in the previous year, mainly due to reduced marketing costs in the Gold and Jewellery Business[42] - The Group's total sales cost increased to approximately HK$17,917,000, consistent with the sales growth during the period[41] - The cost of sales increased from approximately HK$17,697,000 for the three months ended June 30, 2022, to approximately HK$17,917,000 for the same period in 2023[51] Financial Position - As of June 30, 2023, the Group's total equity amounted to approximately HK$32,514,000, a decrease of approximately 33.7% compared to HK$49,059,000 as of March 31, 2023[54] - The Group's cash and cash equivalents totaled approximately HK$94,847,000 as of June 30, 2023, compared to HK$45,089,000 as of March 31, 2023[54] - The current ratio as of June 30, 2023, was 1.11, down from 2.51 as of March 31, 2023[54] Strategic Focus - The Group plans to focus on expanding its Gold and Jewellery Business by identifying more jewellery wholesaler customers in South China[60] - The Group aims to increase sales to high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[60] - The Group will periodically review the market situation and profitability of its Fintech Business, adjusting business volume according to market demands[64] - The Group plans to strengthen its marketing and channel efforts, increase user base, and improve product quality in the future[66] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[117] - The Audit Committee consists of three independent non-executive Directors and has reviewed the financial report[122] - The Remuneration Committee was established on June 17, 2005, to oversee remuneration policies for Directors and senior management[122] - The Nomination Committee was formed on March 29, 2012, to handle the nomination and appointment of Directors[123] - No competing interests were reported among Directors or controlling shareholders during the review period[3] Share Options and Awards - The current share option scheme, effective for 10 years from September 10, 2021, aims to incentivize eligible participants contributing to the Group's success[83] - The total number of share options granted to employees of the group was 13,160,000 as of April 1, 2023, with an exercise price of HK$0.59[89] - The company adopted a Share Award Scheme on December 2, 2020, to incentivize employees and align their interests with shareholders[109] - The total number of share options granted under the 2011 Scheme is capped at 106,860,000 shares[106] - The company aims to retain employees for the continual operation and development of the Fintech segment through the share award scheme[98] Taxation - The Group did not generate any assessable profits arising in Hong Kong for the three months ended 30 June 2023, resulting in no provision for Hong Kong profits tax[4] - The tax rate for PRC subsidiaries is 25% for both periods, with no provision made for PRC Enterprise Income Tax as the Group has no assessable profits arising in the PRC[4] - The subsidiary established in Kazakhstan is subject to a corporate income tax rate of 20% on taxable income, with an exemption until 1 January 2066 for income from financial services provided in the Astana International Financial Centre[4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 截至二零二三年六月三十日止三個月 之第一季度業績公告 朗華國際集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公 司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止三個月（「第一 季度」）之未經審核綜合業績。本公告載有本公司二零二三年第一季度報告全文， 乃符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中有關 第一季度業績初步公告附載資料之相關要求。 承董事會命 朗華國際集團有限公司 主席 張春華 ...

Shareholding Structure - As of March 31, 2023, the company has 1,457,238,414 shares issued[7] - Brilliant Chapter Limited holds 834,851,294 shares, with 80% beneficially owned by Mr. Zhang Chunhua and 20% by Source Mega Limited[1] - Mr. Zhang Chunhua has personal interests in 43,298,000 shares and options to subscribe for 13,800,000 shares[2] - Ms. Zhang Chunping is the sole director of Source Mega Limited, which holds 20% of Brilliant Chapter Limited[1] - Ms. Chung Elizabeth Ching Yee has personal interests in 2,809,000 shares and options for 13,800,000 shares[4] - Ms. Chan Mei Yan Hidy and Ms. Lee Kwun Ling, May Jean each have options to subscribe for 500,000 shares[5] - Mr. Zhang Chunhua holds a controlled corporation interest of 834,851,294 ordinary shares, representing 57.29% of the issued share capital[186] - Mr. Zhang Chunhua also has a personal interest of 57,098,000 ordinary shares, accounting for 3.92% of the issued share capital[186] - Ms. Zhang Chunping has a personal interest of 13,800,000 ordinary shares, which is 0.95% of the issued share capital[186] - Ms. Chung Elizabeth Ching Yee holds 16,609,000 ordinary shares personally, representing 1.14% of the issued share capital[186] - Ms. Chan Mei Yan Hidy and Ms. Lee Kwun Ling, May Jean each have a personal interest of 500,000 ordinary shares, both accounting for 0.03% of the issued share capital[186] Financial Performance - The Group's revenue from the lending business decreased by approximately HK$217,000, from approximately HK$3,387,000 for the year ended 31 March 2022 to approximately HK$3,170,000 for the year ended 31 March 2023[14] - The impairment losses recognized under the expected credit loss model amounted to HK$3,805,000, resulting in a loss in the lending segment[14] - Loss before tax for the year was HK$51,378,000, compared to HK$46,154,000 in the previous year, indicating an increase in losses[19] - The Group's revenue for the year ended 31 March 2023 reached approximately HK$93,930,000, representing an increase of approximately 21% compared to approximately HK$77,806,000 for the year ended 31 March 2022[75] - The Group recorded a net loss of approximately HK$51,378,000 for the year ended 31 March 2023, compared to a loss of approximately HK$46,154,000 in 2022[93] - The loss for the year was mainly due to fair value changes of financial liabilities (HK$9,617,000), losses in the fintech business (HK$31,346,000), and other administrative expenses (HK$18,449,000)[93] - The Group's total equity decreased by approximately HK$26,080,000 to approximately HK$49,059,000, representing a 35% decline compared to HK$75,139,000 as of March 31, 2022[96] - The Group's total cash and cash equivalents amounted to approximately HK$45,089,000 as of March 31, 2023, down from HK$92,144,000 as of March 31, 2022, primarily due to poor operational results of HK$43,352,000[96] Corporate Governance - No directors or controlling shareholders have interests in competing businesses[6] - The remuneration of directors is determined by the Remuneration Committee, considering the group's operating results and individual performance[6] - The Company has established a remuneration committee to ensure proper governance and oversight of director remuneration[23] - The Board believes that a healthy corporate culture is essential for the Group's long-term business success and sustainable growth[10] - The Company aims to maintain a competitive but not excessive remuneration policy for its directors[24] - The Board's composition reflects diversity in education, professional background, functional expertise, gender, age, culture, and industrial experience[49] - The Company Secretary ensured that all applicable rules and regulations regarding meetings were observed, and minutes were recorded in detail[58] - The Board is responsible for monitoring the Company's overall strategies and policies, approving business plans, and evaluating performance[58] - The Company provides newly appointed Directors with orientation materials detailing their duties and responsibilities under relevant regulations[60] - The independence of each INED is assessed upon appointment and annually thereafter[66] Business Development and Strategy - The Group commenced its lending business in Hong Kong in 2016 to diversify its income source and will consider further expansion based on market conditions[14] - The Group aims to expand its sales channels by identifying more jewellery wholesaler customers in South China[31] - The Group plans to increase sales to major high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[31] - The Group will focus on controlling selling and administrative expenses while balancing business development[31] - The Group remains optimistic about the future development potential of its fintech business despite the challenges faced[75] - The company aims to enhance profitability by exploring opportunities in the gold and jewellery trading business, seeking investments with satisfactory returns[87] - The company plans to continue its strategic focus on property management and IoT technology, implementing a "property + technology" model[87] Employee and Training Policies - The emolument policy for employees is based on performance, qualifications, and competence, with share options granted as incentives[6] - The gender ratio of male to female in the workforce is 17:16, reflecting a balanced gender diversity[21] - The Group's remuneration policy is based on individual performance and market conditions, including salaries, discretionary bonuses, and employee benefits[117] - The Company is committed to arranging and funding suitable training for all Directors to enhance their professional development[45] - The training includes attending briefings, seminars, and conferences relevant to the Group's business and strategies[45] - The Company aims to achieve diversity for the benefit of its various business developments and management[49] Share Options and Awards - Share options granted to directors include 13,800,000 options for each of Mr. Zhang Chunhua, Ms. Zhang Chunping, and Ms. Chung Elizabeth, with an exercise price of HK$0.59 per share[150] - The Group has not granted any share options based on the plan established in 2021[148] - The current share option scheme, effective for 10 years from 10 September 2021, aims to incentivize eligible participants including employees and directors[172] - A nominal consideration of HK$1.00 is required from the grantee upon acceptance of an option under the share option scheme[172] - The Company aims to reward contributions to its operations through the share option scheme, enhancing employee engagement and retention[172] Market and Economic Conditions - The Group's overall economic activities gradually restored in early 2023 following the recovery from COVID-19[75] - The banking business is still in the development stage and has recorded losses since its preparation and launch[75] - The Group will periodically review market conditions and the profitability of the fintech business, adjusting business volume according to market demands[102]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 截至二零二三年三月三十一日止年度 之年度業績公告 朗華國際集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「年度」） 之經審核綜合業績。本公告列載本公司二零二三年年度報告全文，並符合香港 聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中有關年度業績初 步公告附載資料之相關要求。 承董事會命 朗華國際集團有限公司 主席 張春華 香港，二零二三年六月三十日 ...

Financial Performance - Revenue for the nine months ended December 31, 2022, was HK$64,642,000, representing a 68.3% increase from HK$38,396,000 in 2021[5] - Gross profit for the same period was HK$3,914,000, up from HK$2,706,000, indicating a growth of 44.6%[5] - Loss before tax for the nine months was HK$41,828,000, compared to a loss of HK$37,792,000 in the previous year, reflecting a 7.2% increase in losses[5] - The loss for the period was HK$41,828,000, which is a 10.8% increase compared to the loss of HK$37,792,000 in 2021[5] - The three-month revenue ending December 31, 2022, was HK$20,758,000, a 6.0% increase from HK$19,633,000 in the same period of 2021[5] - The total comprehensive expenses for the period amounted to HK$42,635,000, compared to HK$37,716,000 for the previous period[33] - The Group's loss for the period attributable to owners of the Company was HK$35,506,000, compared to HK$29,373,000 in the previous period[33] - The total comprehensive loss for the period was HK$42,625,000, with a loss for the period of HK$35,500,000[36] - The total loss before tax for the period was HK$13,006,000[45] - The Group reported a loss before tax of approximately HK$41,828,000 for the nine months ended December 31, 2022, compared to a loss of HK$29,373,000 for the same period in 2021[55] Expenses - Administrative expenses increased to HK$42,356,000 from HK$34,344,000, marking a rise of 23.5%[5] - Selling expenses decreased significantly to HK$145,000 from HK$1,145,000, a reduction of 87.3%[5] - The cost of sales for the nine months ended December 31, 2022, was approximately HK$60,728,000, up from HK$35,690,000 in the previous year, reflecting an increase of 70%[63] - Selling expenses for the nine months ended December 31, 2022, were approximately HK$145,000, a decrease of about HK$1,000,000 compared to the same period in 2021[87] - Administrative expenses for the nine months ended December 31, 2022, were approximately HK$42,356,000, an increase of about HK$8,012,000 compared to the same period in 2021, primarily due to increased staff costs and system development fees in the Fintech Business[87] Segment Performance - The Group operates in three segments: Gold and Jewellery Business, Lending Business, and Fintech Business, which are regularly reviewed by the Executive Directors[26] - External sales for the Gold and Jewellery Business amounted to HK$36,771,000, while the Lending Business generated HK$1,625,000, resulting in total external sales of HK$38,396,000[46] - The segment results showed a loss of HK$24,026,000, with the Gold and Jewellery Business contributing HK$542,000 and the Lending Business contributing HK$1,588,000[46] - The Group's segment results showed a loss of HK$10,620,000 in the lending business for the three months ended December 31, 2022[67] - Revenue from the Gold and Jewellery Business increased by approximately HK$24,779,000, from HK$36,771,000 for the nine months ended December 31, 2021, to approximately HK$61,550,000 for the nine months ended December 31, 2022[114] - The Group's external sales revenue for the period was HK$64,642,000, with segment results showing a profit of HK$485,000[84] Shareholder Information - As of December 31, 2022, Mr. Zhang Chunhua holds 834,851,294 shares through Brilliant Chapter Limited, representing 57.29% of the company's issued share capital[142] - Mr. Zhang Chunhua also has a personal interest in 57,098,000 shares, accounting for 3.92% of the company's issued share capital[142] - Ms. Zhang Chunping holds 13,800,000 shares, which is 0.95% of the company's issued share capital[142] - Ms. Chung Elizabeth Ching Yee owns 16,609,000 shares, representing 1.14% of the company's issued share capital[142] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[144] - The Board has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee[144] - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules[144] - The company established a Nomination Committee on 29 March 2012 to oversee the nomination and appointment of Directors[163] - The Nomination Committee is responsible for formulating nomination policy and assessing the independence of independent non-executive Directors[164] Future Plans and Developments - The Group plans to enhance its Gold and Jewellery Business by identifying more jewellery wholesaler customers in South China to expand sales channels[130] - The Group will focus on increasing sales to high-end corporate customers, aiming to boost jewellery sales and profitability[130] - The Group is considering further expansion in the lending business, closely monitoring market conditions and the external economic environment[115] - Future efforts will concentrate on strengthening the fintech business, increasing the user base, and improving service quality and performance[135] - The Group will periodically review market conditions and profitability to adjust business volume and resource allocation accordingly[134] Financial Position - As of December 31, 2022, total equity amounted to approximately HK$61,886,000, down from HK$75,139,000 as of March 31, 2022[87] - Net current assets as of December 31, 2022, were approximately HK$100,083,000, an increase from HK$59,209,000 as of March 31, 2022[87] - The Group's accumulated losses reached HK$716,118,000 as of December 31, 2022[36] - The Group's cash and cash equivalents totaled approximately HK$101,533,000 as of December 31, 2022, an increase from HK$92,144,000 as of March 31, 2022[124] - The current ratio of the Group as of December 31, 2022, was 2.05, up from 1.63 as of March 31, 2022[124] - The quick ratio of the Group as of December 31, 2022, was 1.82, unchanged from 1.63 as of March 31, 2022[124] Taxation - The company has not reported any income tax expense for the periods under review[5] - The Group's PRC subsidiaries are subject to a 25% enterprise income tax rate, but no provision has been made for this tax as the Group has no assessable profits arising in the PRC[86]